USO ETF tracks crude oil prices via futures contracts, not actual oil barrels. Trading in USO can lead to underperformance in contango situations due to futures rolling costs. USO has complex tax ...
US President Donald Trump has claimed that India may soon stop importing oil from Russia. However, experts believe that India will never do so. India is benefiting greatly from purchasing oil from ...
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China u-turns to purchase Iranian oil
Following significant U.S. airstrikes on multiple Iranian nuclear sites, he announced a tenuous ceasefire between the two Middle East rivals just hours before his post. Years of U.S. policy to cut off ...
The Department of Energy said Tuesday it is looking to buy 1 million barrels of oil for the U.S. Strategic Petroleum Reserve, seeking to take advantage of low oil prices to start refilling the country ...
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